Friday, July 28, 2006

Go Indigo


IndiGo Airlines is a private domestic airline based in India. It is a subsidiary of InterGlobe Enterprises[1], a leading travel conglomerate based in Delhi, India. IndiGo placed an order for 100 Airbus A320 aircraft during the 2005 Paris Air Show. The total order was worth 6 billion US $; one of the highest by any domestic carrier during the show. The airline, which plans to start operations by November 2005, is headed by Rahul Bhatia. Former Executive Vice-President, Marketing and Planning, US Airways, Bruce Ashby has joined Indigo Airlines as their Chief Executive Officer. The Indian Government has approved the airline's aircraft import plan "in principle". The airline has also acquired 3 parking spots in Delhi and Mumbai airports. Indigo Airlines plans to have 63 departures in its first phase of operations. Capt.Praphabt Kumar Sinha ex-pilot from Singapore Airlines is the chief trainer pilot and would be leading the pilot crew of the airline. India to Take Final Decision on Airbus Plane Purchase Tomorrow Sept. 6 (Bloomberg) -- India will take a final decision on the proposal by state-run carrier Indian Airlines Ltd. to buy 43 planes from Airbus SAS, Civil Aviation Minister Praful Patel told reporters in New Delhi today. A group of ministers today held negotiations with Airbus to seek cheaper prices from the world's biggest passenger planemaker, seeking a discount on the 94.75 billion rupee ($2.2 billion) price tag. Indian Airlines needs new planes as four low-fare carriers have begun flying since it asked the government in March 2002 to buy the planes and 10 other companies are planning to start operations. Kingfisher Airlines Ltd., IndiGo and other airlines have chosen to buy 213 new planes so far this year valued at $24 billion from Airbus, Boeing Co. and Empresa Brasileira de Aeronautica, to tap India's 20 percent annual air travel growth. The purchase has been delayed because of a change in government and India wanting to negotiate further with Airbus after some lawmakers complained that the Toulouse, France-based company was selling planes at lower prices to Southeast Asian carriers, Patel had said on July 21. New Delhi-based Indian Airlines wants four Airbus A320 planes, 20 A319s and 19 A321s to replace some of the 65 aircraft in its fleet and to expand, according to the purchase proposal. The three aircraft models selected can carry between 124 and as much as 185 passengers each and fly as far as 3,700 nautical miles (6,850 kilometers) between India's major cities. Each aircraft has a list price of $54.4 million to $80 million. India's public investment board, which approves large investments by state-owned companies, had approved the purchase plan in November.